On August 19, Government Office sent an Official Dispatch requiring the Ministry of Finance, the Ministry of Planning and Investment, and the State Bank of Vietnam to remove obstacles for Bamboo Airways under the direction of Prime Minister Pham Minh Chinh.

Prime Minister issues support for Bamboo Airways

Accordingly, the premier asked Bamboo Airways to make continued efforts to restructure and proactively report difficulties to the authorities for prompt solutions.

In addition, the PM assigned the Ministry of Transport (MoT) to take main responsibility, coordinating with the Ministry of Finance (MoF), the Ministry of Planning and Investment (MPI), and relevant units to address difficulties within authority and regulations for Bamboo Airways to develop.

Particularly, the MoT shall be responsible for maintaining Bamboo Airways' operating conditions to ensure security and safety in air transport.

The MoF shall be responsible for removing difficulties in transferring shares to new investors in the long run, as this involves many stakeholders, yet it is time-consuming.

The MPI shall be responsible for solving problems in the approval procedure for increasing Bamboo Airways' fleet to over 30 aircraft. The prolonged settlement of the proposal has restrained the development and business opportunities of Bamboo Airways.

At the same time, the Prime Minister assigned the State Bank (SBV) to work with Bamboo Airways to solve difficulties in capital and participation of qualified banks.

The PM requested relevant ministries and units to report results before September 15.

He also assigned the Government Office to monitor and urge the MoT and the SBV to comply with the set deadline. Based on reports from the MoT and SBV, the Government Office will summarise and reports to the PM in September.

Launched in the summer of 2018, Bamboo Airways is the first private airline in Vietnam that aims to provide full service. After five years of launching, Bamboo Airways now operates a domestic network connecting all 22 civil airports, while expanding its presence with many non-stop international routes.

Amid the current tough period, a company representative said it was gearing up restructuring to optimise resources and enhance operational efficiency, ensuring sustainable development.